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Ikeja Electric meters 400,000 customers

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 Ikeja Electric (IE) Plc said it had installed prepaid meters for about 400,000 customers out of 1.1 million since 2013.

Mr Ugo Obichukwu, Chief Marketing Officer, IE, made the disclosure during a visit of the Senate Committee on Privatisation and Commercialisation to the company on Thursday in Lagos.

The News Agency of Nigeria (NAN) reports that the committee was led on the oversight visit by its Chairman, Sen. Theodore Orji, a former Governor of Abia.

Obichukwu noted that the number of metered customers under Ikeja Electric was the highest among all the 11 DisCos.

Hr said the company was intensifying efforts to further bridge the metering gap.

He said the DisCo had been making investments to upgrade its network in order to guarantee reliable and stable power supply to its customers.

Obichukwu said the company in the past few years came up with innovative ideas that would ensure customer satisfaction for its commercial and residential customers.

He said the development led to the bi-lateral power optimisation being utilised by some areas in Lagos State such as Magado, Ogudu Government Reservation Area ( G.R. A), Ikeja G.R.A, Gbagada Phase Two, among others.

He said the Service-Based Tariff used by the company in these locations was adopted by the Nigerian Electricity Regulatory Commission (NERC) in the new national tariff model.

Obichukwu said Ikeja Electric had estimated a Capital Expenditure (CAPEX) that would strengthen its distribution network, improve revenue collection, reduce technical losses and efficient service delivery going forward.

He said the company was, however, faced with some challenges particularly an outstanding N70.97 billion debt owed to the company by its customers.

Obichukwu said bulk of the debt was owed by Ministries, Departments and Agencies (MDAs).

He stressed that efforts were ongoing to ensure the repayment of the debt.

Obichukwu said other challenges included energy theft, difficulty in accessing foreign exchange to procure equipment, volatility of the naira and disruptions from the transmission network.

Earlier in her address of welcome, Mrs Folake Soetan, Chief Executive Officer, Ikeja Electric, thanked the lawmakers for the visit to the company.

Soetan attributed the company’s achievements to
collaboration with NERC, the Bureau of Public Enterprises and other stakeholders.

She said the company would continue to invest in modern technology and equipment to ensure quality power supply to its customers.

In his remarks, Orji said the visit of the committee was in line with its statutory responsibility to oversight privatised entities for better performances.

Orji noted that the debt owed the DisCo was huge and an impediment to its vision of providing quality supply of electricity to its customers.

He assured the management of the company that the legislative arm of government would look into the issue since majority of the debt was owed by MDAs. 

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BREAKING: Tinubu’s Minister, Uche Nnaji, Resigns Amid Certificate Forgery Scandal

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By: Fabian Apechihin

The Minister of Innovation, Science and Technology, Uche Nnaji, has resigned from President Bola Ahmed Tinubu’s cabinet amid a growing controversy surrounding his academic credentials.

Presidential spokesman Bayo Onanuga confirmed Nnaji’s resignation in a statement issued late Tuesday.

Nnaji’s exit follows mounting allegations that his academic certificates were forged. Investigations revealed that the University of Nigeria, Nsukka (UNN), disowned the Bachelor of Science degree he claimed to possess, stating that he never completed his studies at the institution and was therefore not issued any certificate.

According to UNN Vice-Chancellor Prof. Simon U. Ortuanya, Nnaji was admitted in 1981 but failed to meet the requirements for graduation.

In a related development, the National Youth Service Corps (NYSC) reportedly disowned the certificate of national service presented by Nnaji, describing it as fake.

His resignation marks the latest in a series of controversies to hit the Tinubu administration over questions of integrity and accountability among public officials.

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INEC Chairman, Yakubu Hands Over

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INEC chairman, prof. Mahmood Yakubu has concluded his second tenure as INEC chairman today.

After ten years in office, prof. Mahmood yakubu handed over to inec national commissioner, May Agbamuche Mbu, as acting INEC chairman, pending the appointment of a new INEC chairman by the president.

The handing over was made during a meeting with resident electoral commissioners

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Israel Launches Heavy Airstrikes in Gaza as Ceasefire Talks Collapse

Tensions in the Middle East have surged once again as Israel carried out a series of heavy airstrikes on Gaza late Sunday night, following the collapse of ongoing ceasefire negotiations.

According to international reports, the strikes targeted areas suspected of housing Hamas infrastructure, including tunnels, weapons storage sites, and command centers. Witnesses described powerful explosions that lit up the night sky, with plumes of smoke and debris rising across Gaza City. Emergency responders have been racing to rescue civilians trapped under the rubble, while hospitals struggle to cope with a growing number of casualties.

The Palestinian health ministry reported several deaths and dozens of injuries, though the exact figures remain unclear amid the chaos.

The renewed violence follows weeks of indirect talks between Israel and Hamas aimed at achieving a durable ceasefire and improving humanitarian conditions in Gaza. Sources close to the negotiations said discussions collapsed over disputes concerning prisoner swaps, border access, and security assurances.

Israeli officials said the airstrikes were a “necessary response” to continued rocket attacks from Gaza, while Hamas vowed swift retaliation.

The United Nations, the European Union, and several world leaders have called for restraint and a resumption of dialogue to prevent the situation from spiraling into a wider conflict. Meanwhile, civilians on both sides continue to bear the brunt of the violence—facing blackouts, food shortages, and growing fear as hopes for peace once again fade.

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